$ 1,560,000.00
44 Tierney Lane Mudgee NSW 2850
$1,560,000
Wombadah Luxury Guest House
The Offer
On offer for sale is the freehold of a purpose-built guest house and its well-established Bed and Breakfast business. The sale is inclusive of the website, the business name and the furnishings of the four guest rooms along with some custom made main house inclusions.
The Property
The property is on a 9.4 hectares parcel of land located just outside the township of Mudgee in an area known as the golden triangle on account of its numerous family owned vineyards.
The improvements consists of a two level guest house with a single carport, additional under-the-house garaging for 7 cars, an in-ground solar heated pool with a gas heated spa, a wine cellar and a store room. There are also two large water tanks that keep the property well supplied with water.
The house was built in 2004 and is designed to provide privacy to guests and owners with a separate guest accommodation wing that can be accessed directly from the garage area and through a pool side courtyard.
The guest wing contains four luxuriously appointed and spacious guestrooms, all with King beds, a sitting area and ensuite bathrooms. Each of the tastefully decorated rooms has access to the North facing balcony that overlooks an olive grove and provides uninterrupted views of the Cudgegong valley below with its lush greenery and boutique wineries.
The main part of the house comprises of a large lounge area with a cosy fire place, an adjacent dining room, a reading room, a study, a laundry and a disabled friendly bathroom. A well designed and fully equipped kitchen with walk-in pantry is directly opposite the dining room where breakfast is served for up to 8 guests. Upstairs there is an owners retreat with a lounge room, a master bedroom with ensuite, spa bath and walk-in robe.
The Business
The BnB business is well established with 11 years track record. It enjoys repeat business and a great reputation for high quality hosting. It is rated 4 ½ stars by Star Ratings Australia and is mainly focused on couples only. It is positioned as a luxury weekend retreat or short stay for couples looking for a romantic getaway or a unique experience with a minimum of two-night stays. The current owners have deliberately favoured week-end occupancy over mid-week in their business promotions to maintain their chosen lifestyle. Despite this, turnover is healthy at approx. $100k per annum. There is room for growth for new operators willing to target the mid-week trade.
The Location
The charming country town of Mudgee is located just over 3.5 hours from Sydney and 4 hours from Newcastle. It has a dynamic and friendly community and a strong and diverse economic base. Whilst well known for its fine wine, it is also blessed with historic buildings, boutique shopping and sophisticated dining options. The region is a popular destination for tourists and receives more than 496,000 visitors each year that come to enjoy the delicious local wine and food and the many sporting, market and cultural events that occur throughout the year.
Agent’s Opinion:
This spacious house sits on the side of the hill in a serene bush setting. The interior is bright and airy and well laid-out. There is a number of relaxing outdoor seating areas pool side and on the balcony with delightful valley views. The business is easy to run and offers a great lifestyle with substantial income relative to the investment. This opportunity would suit a couple looking to enjoy a more relaxed lifestyle without sacrificing income
Price $1,560,000
Title Freehold
State NSW
Region Central NSW
Suburb Mudgee
Postcode 2850
Property Type Hosted Accommodation
Operating Status Going Concern
